Qatar National Bank QPSC Q3 2019 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Aybek Islamov - HSBC, Research Division - Analyst : I had a question about your loan growth in the third quarter, quite robust. It looks like you've mastered Qatar. So I haven't seen what other banks are going to report in terms of loan growth. Can you comment, please, what's driving that? And are you taking market share in the market? If yes, then what segments -- in which segments are you taking market share? That's my first question. The second question, I wanted to ask you about your net stable funding ratios and liquidity coverage ratios. What do they look like at the moment? Do you comply with the Qatar Central Bank requirements? And do you have to maintain these ratios by currencies or do you calculate them, so do you have to maintain them across all currencies at a certain level? So would you just -- this is a technical question, if I may. without the prior written consent of Thomson Reuters. 'Thomson Reuters' and the Thomson Reuters logo are registered trademarks of Thomson Reuters and its affiliated companies. OCTOBER 15, 2019 / 9:30AM, QNBK.QA - Q3 2019 Qatar National Bank QPSC Earnings Call And thirdly, I mean, at the beginning of the call, there were some good optimistic comments about the performance of the Qatar economy. So good to know that. How does that affect your growth outlook, in particular, balance sheet growth, loan growth outlook in Qatar?

Question: Aybek Islamov - HSBC, Research Division - Analyst : Third question was... Unidentified Company Representative (inaudible) economic growth.

Question: Janany Vamadeva - Arqaam Capital Research Offshore S.A.L. - Analyst : I just have a couple of questions, if I may. First to margins, if you could talk a bit about the main drivers in the third quarter because margin was broadly stable actually despite the 2 rate cuts we saw. So if you could trace some color on that and how you see that going into 2020, that's next year. And my second question, actually, it's a follow-up on loan growth. Along the lines of the previous call on loan growth, the loan growth is quite strong, like at 10%, and the sector has only grown like 5% year-to-date until August. And if you look at QNB's local book, it's almost the size of Qatar GDP. So just trying to understand how -- like, you are able to grow much faster given the size of your book. So just trying to understand that. And how you see that going into next year as well? Do you think the same momentum will continue?

Question: Janany Vamadeva - Arqaam Capital Research Offshore S.A.L. - Analyst : Just -- do you think you can give any guidance for 2020 in terms of loan growth at this stage? without the prior written consent of Thomson Reuters. 'Thomson Reuters' and the Thomson Reuters logo are registered trademarks of Thomson Reuters and its affiliated companies. OCTOBER 15, 2019 / 9:30AM, QNBK.QA - Q3 2019 Qatar National Bank QPSC Earnings Call